Here’s an article from the FT that will send a shiver through the entire politico-housing complex:
The anti-corruption campaign which has swept across China in the last two years has gone global, as Beijing seeks to enlist the help of western democratic governments in pursuing officials who flee overseas.
Underlining Beijing’s rising economic and political clout, Communist party officials have already launched an investigation into assets and individuals based in New Zealand, a country that counts China as its biggest trade partner. It is unclear whether that investigation was conducted inside New Zealand or from China, but investigators have requested permission to interview people in the country.
In an operation labelled “Fox Hunt 2014”, the party’s Central Commission for Discipline Inspection, a shadowy organisation with a controversial human rights record, has set up a dedicated office to investigate allegedly corrupt officials who have absconded or sent relatives and assets abroad.
Beijing-based British, US, Canadian and Australian diplomats say they are all under increasing pressure to assist with the Fox Hunt campaign. Hundreds of officials and their associates have taken flight from China amid President Xi Jinping’s ever widening anti-corruption campaign.
I can only repeat, peeps, hit the property bid now.
